401k Max 2024 Over 50. In 2023, the limits were $66,000, or $73,500 for people 50 and older. As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a.

So, for those individuals, the total 401(k) contribution cap. For 2024, the 401(k) limit for employee salary deferrals is $23,000, which is above the 2023 401(k) limit of $22,500.